Vibhav Energy ceases to be wholly-owned subsidiary after ICD-to-equity conversion

Strategic Transactions View source PDF Explain this filing

INOXGREEN · price

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Price reactionminutes from the announcement price · days from the prior close

-4.4%Reaction day

₹125.51

prior close

₹127.08

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-5.2% vs market

Diversified Commercial Services peers, median of 78sector+0.1%-4.5% vs sector

On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 4.5 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.5

10m

-3.8

15m

-3.9

30m

-4.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.4+0.8-5.2+0.1-4.5

Next day

-1.7+1.0-2.8+0.8-2.5

-0.6+1.7-2.4+1.4-2.0

-1.6+0.1-1.7+0.6-2.2

-4.6+0.8-5.4+0.6-5.3

-6.0-0.9-5.1-0.2-5.8

-6.8-4.5-2.3-2.6-4.2

15d

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 78Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

INOX Green's subsidiary Vibhav Energy converted Rs 150 Crore of inter-corporate deposits into equity. The company received 5 Crore shares for Rs 50 Crore, while Authum Investment got 10 Crore shares for Rs 100 Crore. Company stake dropped from 100 to 75 percent, so Vibhav is now a subsidiary instead of wholly-owned. No fresh cash outflow. Vibhav does wind power O&M and had nil turnover in FY26.

Likely market impact

Company loses full control over Vibhav after Authum joins as 25 percent shareholder. No cash impact, but key decisions now need Authum's consent.